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bill they got the huge breaks, everybody got tax hikes but hollywood did not get tax hikes, goldman sachs, for renting was on the space at new freedom tower got a tax break, it is is amazing no one seems to stand on principle but always on their wallet. >> one word comes to mind, that is hypocritical. charles: hollywood and hypocritical, i would have never put those two in the same sentence. how are things for you? the big things with the political act committees is that better or harder or you? >> with a lot of super pacs, i am a big supporter of the super pacs, but i look -- >> is it easier with one giant super pac. >> it depends on what ar are --u are trying to do if there is a big issue with the nra and gun control, there are a lot out there. charles: popping up crazy. i heard chuck hagel with three super pacs? we'll see this all of the time? >> you know, whenever this starts to run, look for it be on regulated. look for the super paces to be regulated. because you know a lot of people complained on both sides, let's -- for example like george soros with pup et ceter puppet stri
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for the fiscal tax cliff and the spending sequester which i think is hilarious. they invented the sequester. we have had tax, spend and regulate policies for four years. why not try something different. let's talk about it with our powerhouse panel. jared bernstein, center on budget and policy priorities. senior fellow. doug holtz-ekin, peter suderman and james freeman, assistant editor for the wall street journal. james, i'm amoused right off the top. team obama starts attacking republicans first of all for the budget cutting sequester which they invented. second of all, for the fiscal cliff which they also invented. how silly is this? there is nothing serious about it at all. >> here we are. this is three years of big spending obamanomics. it's a terrible recovery. not what we need to create jobs. >> worst recovery since 1947. spending, taxing, regulating. we'll get into details. this report is not as bad as it's made out to be. >> i agree. >> the basic thrust is why not try something different? 2% growth is lousy, the worst since 1947 h. why not try something different? why not favor the pri
, requiring congress to not spend more than it makes, than it takes in in taxes. if you call taxation making money, but it can't spend more than it takes in. any traction on that? >> yeah. this is an idea, an old idea, whose time has timely come, and, you know, as polls show about 75% of all americans support this idea, most of the state legislatures operate the same way, and we need to do this because we need permanent structural spending reform so that we don't find ourselves back in the same position every six to 18 months in raising the debt limit. >> limit spending to 18% of the gross national product, 18%. right now, it's a rate of 23%. we're looking at some of the other things that you would do. you want a historical average of total federal receipts so congress is only run a deficit, increase taxes, or increase debt if agreed upon by a two-thirds vote. i like how it sounds, but it doesn't sound like you can get other politicians to agree to it? >> rome was not build in a day. it's in the a sell yet, but we have support in the senate for the idea of a balanced budget amendment. the la
and that includes keeping the gas tax and that gas gas stations would pay to distributors. the republican governor reacted to the plan today on wtop radio. let's listen. >> i think they have a significant tax increase and gas indexing and so forth. is that is why i tried to address it by replacing it with a sales tax and that is more. it's general fund and a fee and revenues. it's 845 mimes and that is -- 845 million dollars. we get money for railfo dulles, improve mes on 238 and 266 and 234, the paving and -- this will help northern virginia. >> and the house finance committee is to vote tomorrow and the senate on thursday. >> the get ready for traffic jams in fairfax county. two separate water main breaks are causing problems. the one commuters should be most concerned about is on richmond highway and shields avenue and north kings highway and only one northbound lane is open and this is likely to be a mess through rush hour. the crews are working on a water main break on virginia 236 at willow run drive. one lane is open there. >>> the speed limit could be going up on the unter county connector
with incentives to take risks and bring ideas from dream to reality. tax credit to help early-stage companies to develop andit's worked in other states, and it's something we can do this session. i will work with the legislature to make it more desirable for small and medium size businesses to hire more people in washington. we must also do a better job commercializing the technologies connecting the dots from the classroom to the laboratory to the marketplace. and no economic strategy would be complete without a transportation plan that facilitates this growth. this session i expect to work with stakeholders that have already committed to a bipartisan plan to build an infrastructure for the next generation. in the next ten years, our population will grow by approximately three quarters of a million people, but we will not be adding one more square inch of dirt. to honestly address our recognize that creativity is just as important as concrete. i want us to turn our innovative spirit towards crafting a transportation package that includes roads, trains, light rail, buses, bike routes and othe
be making a bigger case about taxes, spending, shoot for the mountains and not get dragged down on what he says is clearly democrats and the president's turf. >> we have to focus, steve, i believe republicans -- i've said it time and time again -- on taxes. on cutting spending. on saving entitlements. on saving america from this crushing national debt. it grew $6 trillion under barack obama over the past term. and try to avoid some of these other issues. but i hear bobby jindal's new federalism on crack talking about cutting federal employees by three-quarters, et cetera, et cetera. that ain't going to happen. with the changing demographics and where america is and where it's going over the next 20 every 30 years. >> that's the issue. if you separate it, i think the first part not being the stupid party anymore is sort of a no-brainer. why would you go around insulting important interest groups. >> women. >> yeah, the 47%, all that stuff. but then you get to his policy proposals, and i don't think he's in the mainstream of this country when you talk about 25% of the government buildings, c
do we mean just raising taxes? isn't most of the austerity in europe raising taxes? >> no. >> not in greece? >> it would actually be starting to collect taxes. >> we raise taxes, which have to do with the middle class -- >> that's the austerity you're talking about, raising taxes? >> yes. >> and also the cutting of wages. we have a dramatic cut in wages, not only in the public sector, but also in the private sector. because the economy, the basis itself on small and medium enterprises, which mainly produce for the domestic market, this has been a distraction. we have lost a lot of jobs, a lot of company, the private sector in a very bad state, in a country which was growing with a rate of more than 4%. but this double -- >> so much more than you were taking in at that point. there's a deficit that has to be paid off. and the measures you're talking about, technology and organizing the economy could take a long time to kick in. >> this is correct. but the main problem in greece was always state revenues. because they do not tax the rates. they allow tax evasion for the weal
the taxes that support government expenditures. they paid premiums through their employers for health coverage. they forgo wage increases that could be much higher if health costs were not growing as fast. they believe are the beneficiaries of the whole two trillion dollars in the end. we are not talking about the blood in the streets. people fighting over dwindling -- over a dwindling pie. i would posit that only in health care what the growth from two 0.9 trillion dollars in 2013 to 5.1 trillion dollars in 2023 would be referred to as a shrinking pie. there will be plenty of resources flowing into the health-care system, just not quite as much as would be flowing if nothing was done. we are talking now to give you some sense of the magnitude of this. we are talking about the .rojected health policy twee if you say two trillion dollars in that growth, you would be reducing health spending to only 40 trillion dollars over the next 10 years. you would be cutting the growth in health spending from an estimated 90% under current policy to only 75% over the next two -- over the next 10 ye
in louisiana including the tax reform he's just launched in the past few weeks, what he's doing is trying to think about how at this moment at a time when globalization's putting enormous pressures on working class voters, at a time when the economy is going through a very complicated, difficult moment when it's not clear how to get back to growth, he's thinking creatively about how to use the strength of his state to build on its weaknesseses. and i think at the national level that's what conservatives have to do. to some extempt, it's being done. i would say the policy agenda that has to come at the end of that conversation is not fully worked out by any means, but the questions are being asked. i think the direction of thinking has been helpful even in the wake of the election. if you listen to what people like marco rubio or paul ryan have been saying, it's different from what they themselves were saying six months ago, a year ago. i think the focus is turning to the right place. that doesn't mean that he'll persuade the public, but it certainly helps to ask the right question if you'
outspoken international president. got a piece up on "huffington post" this morning about taxes and the aversion to paying taxes among americans. i'm talking about the one and only leo gerard. the united steelworkers. north america's largest industrial union representing over 1.2 million active and retired members. we find out more about their good work at their web site, usw.org. we recommend keeping up to date on what's going on here in our nation's capital and around the country on the big issues of the day. market book bookmark it, thinkprogress.com. igor volsky is here with us every tuesday morning. >> thank you. in fact, if you make it your home page, you can go there automatically every day. >> bill: make it your home page. >> everyone who listens or watches this show, their home page is billpressshow.com already. >> stick them in safari. >> bill: there it is. so igor, it looks like immigration reform may actually happen this year, right? >> there may be some momentum and the reason is republicans want to win elections. they say that quite blatantly reason number one is w
see anything different. a lot of revenue and cash was earned due to taxes coming up. so people front loaded earnings, cash money, liquidity that were currently enjoying. but i'm not quite sure we didn't steal from this year and as the year wears on whether that's going to be an issue not going forward. >> you're saying there were so many expectations that we took them from the future and perhaps things slow down later on in 2013? >> i do believe that's a risk factor. and i think also it will depend on what comes out of washington with respect to structure reform in a number of areas too. you know, at the end of the day, we just don't see the base revenue growth on a really exciting basis going forward. we have hints of it, but we're not there yet. companies aren't truly spending. they're still sitting on cash. they paid a lot of dividends last year. they're not hiring people right now. and there's a lot of wait and see. what's the environment going to look like before businesses really get aggressive in business development. i think that could weigh in going forward. the other would
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have caused the ground to give way, next. >>> choppers feeling taxed from tax hikes, consumer confidence falling in january, hitting its lowest level in more than a year. the reason that new tax hikes, social security taxes leaving people with less money in their paychecks also leaving are gas prices. the national average for regular unleaded rising for the 12th straight day. it's now at $3.36 a gallon. meantime, no nickel and diming here. a rare 5-cent piece is expected to snag more than $2.5 million. when it comes up for auction in april, the 100-year-old humble nickel is one of five known to exist. and it turns out some health food may not be so healthy. a new report saying leafy green vegetables are the leading source of food poisoning, so kids rejoice, you might see less spinage on the dinner plate. i'm eric.  [ male announcer ] pipillsbury grands biscuits. delicious. but say i press a few out flat... add some beef sloppy joe sauce... and cheese fold it all up and boom! i just made an unbeatable unsloppy joe pillsbury grands biscuits. let the making
at the helm. there is nobody like him. in fact a lot of people were concerned, joe, with this new tax, they have to add on the 7% tax, it adds up to 9% in some cases in california. these huge new sales taxes that the internet used to be able to avoid, they can't avoid it all over the place now. certain states it does kick in, that didn't seem to hurt sales too much. kind of surprising. >> i live in illinois. i live in chicago that's one of them. >> we have taxes in this town. this is nothing. the expectations are built in. not like we didn't know about this. that is like the general market. we see the things out in the forefront. investors and traders are not reacting like they normally would when they see the top line and follow-up data. they're looking at the stock. looking at what could potentially happen. i think this is priced in. david: joe, thanks. we'll see you in a couple of minutes when the s&p futures close. thanks. liz: well at this year's consumer electronics show you know we tried our absolute darnedest to break corning's new gorilla glass. they keep reinventing it. i wa
the money that you need toward all of this. and i'd like to get your take on the tax structure that is most favorable to getting people to be as generous as they can. what could you tell our viewers in terms of what government policy may be able to do to actually encourage more giving and how it can hurt? >> well, the tax deductibility of charitable giving certainly has been a positive factor in why the u.s. is the most generous. people give about 2% of their incomes and that's true it's not disproportionately the richest. across the board americans are quite generous. the estate tax which lets your charitable giving not be taxed is clearly a very positive encouragement to look at giving. i'd say that even more than the taxes, though, the fact that there's more examples of people where -- so everyone is asking themselves, you know, could i be giving you something, the fact that they hear the impact is very strong, i think the kind of social movement is even more, but the tax structure helps. >> what continuing investment is needed at this point? in other words who are the biggest stakeholde
shape. >> taxes maybe. >> taxes are an issue, but. >> yesterday, i was told walmart are trying to deal with this now. people are coming in to try to buy things and people are getting pennies out of their pocket. >> walmart, they were able to see that people would be coming into the shore as their paychecks came in. they were coming in really late at night on a monday or whatever the cycle was. >> my brother is in food sales. he says at the end of the month, and you don't even have to go in and is visit some of the merchants. people don't have money and they're not really buying anything. there's a real cycle. >> did you hear it being used at the end of the month? i like that better than at the end of the day. >> that's underused. i hear people say at the end of the day. sometimes we ask them a question and they say it five times in the answer. every time they say it, they go, it was good that i saved it. at the end of the year, what will the toelgdz to 13 have been? >> i think around 2%. i don't think it's accelerating. i'm concerned about the impact of global growth, i'm concerned abo
of potentially getting out of the eurozone. today, he took a different tactic. we talked about not raising tax rates, but as corporations around the world both affecting issues in the uk and elsewhere are becoming a real issue. i want you to take a look at this piece. >> individuals and bess must pay their fair var. and businesses who think they can carry on, they can keep selling to the uk, and selling uk tax arrangements are for you to wake up and sell the company. >> that comment, by the way, about coffee is actually about starbucks which has created some problems because they've been avoiding taxes in the uk. but take a look at this quote right here. david cameron not making friends. labor mp dennis skinner says it was gruesome for the prime minister to be heading out of austerity-riddled britain to wine and dine at davos with 50 top bankser who helped create the economic crash several hundred tax avoiding milliona e millionaires. >> a lot of people talk today about a report. there was a report earlier this morning that mr. oh lund discovered averting. in total, the report was said to be
including fines and back taxes, undergo a background check and learn english and american civics. yesterday, marco rubio in florida sought to win over conservatives opposed to any deal with threats of amnesty. >> there are over 11 million workers undocumented. that's not something any wanted to see happen. it is what has happened. we have an obligation and need to address the reality of the situation we face. i think today is an important first step in what's going to be a significant complicated journey. the issue of immigration is not a simple one. we have the opportunity to do it right and if we do, i think we'll do a tremendous service to our country. snow jo . >> joe, remains to be seen how far this gets but you see john mccain and lindsey graham talking about what they're talking about in terms of a bill that even hints at amnesty. >> no doubt about it, things have changed in the last five years. there will still be conservatives in the house who want to be assured by marco rubio and john mccain and any conservative that supports this bill that won't be a repeat of 1996, that was an o
. >> what do you make of the tax issue which is starting to hit -- this is one of becky's big issues. she's been writing about about this -- how many years? >> the tax issue? >> the tax issue. >> the tax issue -- >> the -- the sales -- online sales tax. >> california and texas were hit this quarter. it could have played a role and probably did because u.s. revenues were lighter than international. i think for the most part there's a tradeoff. i think as they don't have to worry about violating the statute which is the no presence. and when they go down the path of actually charging sales taxes, that does mean they can actually move closer to the consumers, build some of the fulfillment centers there and offer some of the amazon conveniences. >> and i think amazon is actually behind some sort of a compromise that would bring you revenue on a per state basis at least. >> right. it is going to affect the bottom line ultimately. >> it -- i think so. i think that there's a lot of areas in investment i think for amazon below the gross profit line. i think we focus a lot, investors focus a lot o
a property tax program for the city as early as the first half of this year. in hong kong, the hang seng lost .4%. the noble shares split 5.25% despite a record quarter in top and bottom line. that stock had gained 50% since last august to a multi year high. we are seeing some profit taking here. the kospi pulled back a modest 0.1% after gaining for two days. australia's asx 200 snapped a ten-day winning streak with miners losing. india's sensex now trading lower by 0.6%. back to you. >> sixuan, thanks for that. >>> now a couple of web stories popping online, the dow joins industrial average yesterday, just 46 points from topping that trading high. can it take out that 14,000 mark? find out what analysts have to say at cnbc.com. >>> after topping analyst estimates from the quarter, google is now priced at more than $750 a share. but if ths that stock going to from hot to too hot? find out on the website, as well. >>> despite the initial disappointment, some analysts are arguinging the release of the new blackberry will be positive. >>> still to come, the dreamliner, nippon airways has grounde
to stand out in a crowd, whether it's on taxes or regulations or in the past on immigration, you were completely shunned from the party. finally there's an understanding we've got to grow the party. what we've been saying for quite frankly for years and getting attacked, we want colin powell on our side. we want moderate republicans on our side. if we're going to be the majority party again, we've got to spend the party. >> are you saying they're pushing her out of the spotlight as part of making the stupid party less stupid? >> what i'm saying is that sarah palin represented a time and place in american politics. and not 2008 so much as 2010. and that time is passing us very quickly. and party leaders are finally understanding that. you know, roger els, i brought up richard haass, roger els before. roger els saw this coming well before the 2012 election. he had realized what had gone wrong. not only at his network but also in the conservative movement of the republican party. that's why he was running out and talking to chris christie saying, get in this race. you can save this party
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immigrants living in the u.s., requiring applicants undergo background checks, pay taxes and penalty and learn english. it would crack down on employers who hire undocumented workers. >> it won't be a quick process, but it will be a fair process and it will lift these individuals out of the shadows and give them a chance to earn their way to a green card and eventually to citizenship. >> rorter: the president's plan does not outline a guest worker program, nor does it tie a pathway to citizen ship to tighter border security, both part of the senate plan. >> that issue i think is a lifeline for most of us involving in this effort. >> reporter: rubio seemed to win rush limbaugh over. >> what you're doing is admirable and noteworthy. you are recognizing reality. >> reporter: some conservatives fear granting citizenship to undocumented immigrants may encourage more to come. >> it doesn't matter if it was clinton or if it was reagan. what we've learned is if you grant amnesty, what do you get? more amnesty. more illegal entry. and so what we want to make certain is that we have learned th
, and this is net, after tax revenue is realized, $2.6 trillion. and that's in costs in medicare, social security, unemployment compensation, food stamps and other welfare programs. that's a foundation study. so the bottom line is, we're trying to balance the budget in washington that we'll balance in ten years but not taking into account the 2.6 trillion that it will cost by creating a pathway to citizenship and that number may increase, wolf, if we don't have our borders secured. >> one final question, because a lot of republicans are looking at the fastest growing vote, the hispanic vote across the country and republicans, at least in the last presidential election, the one before 2008, didn't do very well. they are obviously anxious to reach out to latino voters. are you saying you want to just forget about that vote? >> no. what i'm saying, wolf, is that anyone that believes that immigration or illegal immigration is the most important issue to the latino population in america is grossly mistaken. it is an issue but it's not the most important issue to latinos. listen, the people that are hu
's a way to win the tea party back after voting for taxes on the wealthy. bring a chart. that worked for ross perot. >> here's the deal see! >> john: we're lucky because john mccain made a rare sunday morning talk show appearance. for those of you who don't know, john mccain has in his house he sleeps in the attic and he has a pole to slide down and a red phone in case a sunday morning show calls. [ laughter ] >> john: so every week, the pole gets a ride. he's there. we'll be playing some clips from him. today, we have to have a bit of a funeral for sarah palin on fox news. >> i don't know. i would love to think that we've seen the last of her but i don't think so. >> john: i don't think so either. >> i don't think so. >> we have speculation coming out she may pop up on another network. >> john: her people are calling mr. zucker all weekend. >> she did make a comment on her interview with breitbart where she said we shouldn't just be preaching to the choir. conservatives need to reach out. which is funny because she did it on breitbart. she's setting herself up to reach out to a larg
on rye kind of what we're seeing. here is one thing that we're watching. the payroll tax increase didn't bother us when the price of gasoline was down. but over the past few weeks, we've seen the price of gas go up by anywhere from 30 to -- 25 to 35 cents per gallon. that really puts an impact on $20 a week for 50,000 in income. that price in gasoline really was going to make double hit behind the increase in payroll taxes. >> that is an interesting point. i hadn't really thought about that. when it comes to the jobs number on friday, kevin, tell me what you think the market is looking for? what would be really good news and what would be look out? >> they want it big. the guys are going to probably pull bids out and put up some shorts going into it. i'd watch for an air pocket down. my own opinion is i think you'll see a number finally over 250. we're overdue for that number. and -- >> the dawn of february 1st? >> they don't have time to cook the books by february 1st on that, do they? huh? >> it's friday. >> they're supposed to be good at it, i don't know. >> well, they are -- >> i t
now and when they take out taxes from my paycheck, i have almost nothing left. >> i think it would be incredibly important and helpful for me. -- me. then i don't have to look for two jobs. >> reporter: they have resulted in more than sunthousand fewer jobs from maryland teenagers between 2005 and 2011. but they call it an antipoverty plan to give maryland families more money. it has the support of a new campaign called raise maryland made up of 20 unions and others who say a lot of maryland families are having trouble making ends meet at 7 toss dive an hour. >> -- $7.25 an hour. >> slog it doesn't make anything else and go up as well. and then it's only, it's not hap helping people who it's supposed to help, it's skewing everything else. >> , is other states are considering wage hikes of their own this year. in 2011 it didn't pass then. >> thank you. >> we ask our facebook fans what they think of maryland trying to face the minimum wage. i think it's a great idea. i feel like the local economy would benefit the increase. shannon moscow wits said that everything else will go up and
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. we know and we understand... tax laws, tax theories. this is my dream job. this is my favorite thing in the world to do. i've done 25,000 tax returns. you might say i've had some experience. i will back you up. bring it on. i'm here with daphne oz, a model of healthy habits. so daphene, do you eat activia. i do it's always in my fridge. and you know activia isn't just for minor digestive issues. exactly, it's also important for my overall well being because it helps regulate my digestive system. and when you feel good on the inside, it shows on the outside! whether at work, with friends, on a special night, or just enjoying an activia. shine from the inside out with activia. ♪ dannon >>> back now at 8:11 with "today's" professionals, star jones, donny deutsch and dr. nancy snyderman here to weigh in on the day's hot topics. let's get right to the volkswagen super bowl ad. some people think this crosses a line, that it's offensive. take a look. >> i hate mondays. >> yeah, they're the worst. >> no worries, man. everything will be all right. yeah, man. oh, don't fret. sticky bun come
island hold there so big money people can come there and shelter their tax money and stuff like that. >> stephanie: awesome. >> caller: isn't that a great idea? >> stephanie: right. and no rules or regulations of any kind. no stoplights or stop signs just go. >> are you tired of your government taking away liberties and freedoms you can't quite name. welcome welcome susseed with us. your hard-earned money is yours to teen. there are no taxes in -- glen becky becky becky becky stan stan. >> there are no roads, police teachers, libraries, garbage pickup or sewage statement in -- >> glen becky becky becky becky stan stan. >> but you will friend off the wild animals and then the survivalist train willing kick in. who needs government. it is over rated. join us in -- >> glen becky becky stan stan. >> want to shoot your gun in all directions, go ahead. with a small down payment it can be yours. >> above the fruited plains. >> our future is in the past. >> stephanie: good call, producer chris. >> thank you. >> stephanie: you just dropped that out of nowhere. >> i did. it was
at this saying tax receipts could cover only the absolute essentials here so we have to cut into other things. i'm not -- i think it is a sequester that really does bring people out there and show their hand. >> bill: now the deal -- the bill that the house passed yesterday, the republican bill, am i understanding so it says we'll raise the debt ceiling through mid may but senate has to pass a budget, right and if they don't pass a budget, then we won't get paid as members of congress. >> right. >> bill: is that a real threat? i saw something somewhere where congress gets paid no matter what. >> here's a funny thing. obviously it is a gimmick. it is not as if people are really going to go unpaid for a long period of time. there is a constitutional concern. the 27th amendment says you can't pass a law that pays some members of congress more or less than others. the pay would go into escrow. essentially, we'll hold back. >> bill: i got it. >> you get paid at the back end. >> bill: so you put it in a cookie jar or something like that when the time is right -- >> when your time-out is over, you get
are? this does include taxes, and it is a hotel. but it doesn't include your mortgage. you're paying $95 million. and then what do you pay -- >> during the commercial break i guessed 17 grand a month. >> i would like to raise that -- >> 17 grand a month? >> to 55 grand a month. >> very close. 60,000 a month in monthly maintenance fees. now that does include twice -- it includes maid service and a spa and some other things. so you're paying $95 million and then you're paying $60,000 a month in maintenance. but we bring you through all kind of apartments tonight. $160 million worth of real estate in new york. >> are these places back? i mean for awhile things crashed and nobody could afford these places. are they really back? because we still talk about how on wall street those pay packages are coming back. >> that's what everyone was saying a year ago, two years ago. two things happened. one is foreign money. i mean one of the great things about this show tonight is we bring you through with a russian buyer as he's in central park west. the russians, the chinese, the latins, especiall
on this that will be posted later today. if you look back at ronald reagan, the conservative icon right? he raised taxes, seven out of eight years that he was president. he supported a ban on assault weapons. he supported and signed a bill creating amnesty for 3 million people who came here illegally. >> what a liberal. >> bill: if republicans -- ronald reagan could not get elected in the republican primary today and i just wish that -- not that i'm a great big fan of ronald reagan. but i wish republicans would just stop worshipping ronald reagan and start following him, start imitating him, and get that practical side to problem solving that ronald reagan did have. and he did support a ban on assault weapons, and in fact president obama quoted ronald reagan when he introduced his own gun-control measures. so immigration still probably going to happen before gun control, but the gun control battle has definitely joined after yesterday's hearing. bill joining us how are you? >> caller: hey, bill i just wanted to echo what ike said from charleston. >> bill: yeah. >> caller: and in
and not paying taxes and enjoying all of the benefits. >> being lazy and all. >> right. there is a large portion of the fox news audience that doesn't speak english. and what is fascinating here is it shows -- as the immigration debate heats up i want people to read their coverage on fox news latino and you will see a news outlet at war with itself. >> stephanie: yeah, i -- karl maybe i'm missing the logic -- every time we get into this immigration debate i don't get it. if we do nothing, all of those same 11, 12 million people are still going to be here. >> these are mexicans who mow our yards and clean our houses. and if they are citizens then we have to pay them more. and they are also brown and not deserving of benefits. >> stephanie: i see. bill o'reilly with colin powell. >> you being who you are, traditional guy, by supportingly as actively as you did barack obama you also put yourself in a category of intolerance on issues like entitlement culture, when you yourself were born in the south bronx and you made it on your own, the entitlement culture now extends t
and paying all back taxes. >>> a new york mother on a trip to tuis still missing. today her husband and brother will visit officials in ies tan bull and they are expected to -- istanbul. then they will discuss the search efforts. we are learning more about the trip abroad. friends say the mother of two took several side excursions out of turkey while on vacation. the media is reporting that police are investigating why she visited amsterdam and munich and they are trying to figure out identity of the man she was chatting with on the internet. her friend says the man was a tour guide. see was supposed to fly home on january 22nd she never showed up for the flight. turkish police found the passport and medical cards in the room where she stayed while in the country. >>> four people have been arrested in connection with the nightclub fire. moo are than 230 people -- more than 230 people were killed when the fire raced through the kiss nightclub. the owner of the club and two band members and the security chief has been taken into custody and questioned by police. investigators believe
and authorities are preparing for the worst. >>> we are bringing you a firsthand look at your tax dollars at work in the tunnel. we got a look inside the 4th bore yesterday. we found crews hard at work inside. federal stimulus funds are paying for two thirds of the 400 million-dollar project. taxpayers are funding the rest. >> when it's done caltrans will be dedicating two bores permanently to eastbound traffic and two permanently to westbound traffic. >> caltrans said the 4th is 75 to 80% done. they will start laying the road bed next month and it's set to open later this year. >>> federal safety regulators say no matter what anyone else is saying the dream liner investigation continues. the head of the ntsb unsettling description of how serious this matter may be. >>> facebook founder is getting involved in politics. . >>> welcome back. taking you live to new york. dow back from its earlier gain. still up 17.5 points, s&p500 testing the 1500 level and a lot of familiar names in stocks to watch today. johnson and johnson up, part of the dow -- and it's earning estimates. p and g better than ex
because corporate profits are up, costs are down, the fiscal cliff agreement has locked in low taxes for most of the upper-middle class and wealthy, and there's no sign of inflation as far as the eye can see. but corporate profits can't stay high when american consumers whose spending is 70% of the u.s. economy are this pessimistic about the future. they're just not going to spend. american companies won't be able to make up the difference in forward markets. europe is careening into a recession. japan is still in deep trouble. china's growth has slowed. profits are the highest share of the u.s. economy on record. wages are the lowest. but this imbalance can't and won't last. >> can't and won't. and look what's happening on wall street. they're doing better, willie, than ever before. >> mm-hmm. >> ever before. for the past four years, wall street has exploded over the past four years. real income has dropped for middle-class americans. the poverty rate's gone up. one in four americans are on food stamps. you talk about two americas. john edwards is right. >> incomes. >> over the past
to church. think about it. jesus said help the poor. pay your taxes. be nice to people in prince. he hung out with lepers, hookers and crooks. he never said anything about abortion or gay people and was against the death penalty. when you reject jesus'
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